Wings of Greed: How Greed Wrecked the Airline Industry

In the 1980s, Frank Lorenzo took over Eastern Airlines and flew it into the ground. His cost-cutting measures slashed employee benefits, reduced flight schedules, and sold off assets, all in an effort to boost the airline’s bottom line. The result was a decline in service, a strike by Eastern’s pilots, and the airline’s eventual bankruptcy.

Lorenzo’s takeover of Eastern was a cautionary tale about the dangers of corporate greed and the importance of strong regulations to protect consumers and employees. But it is also a story of resilience and renewal. In the aftermath of Eastern’s collapse, a new generation of entrepreneurs and innovators emerged to fill the void left by the old carrier. These new airlines, such as Southwest Airlines and JetBlue Airways, offered low-cost fares and a more customer-centric approach to air travel.

This book tells the story of Eastern Airlines, from its rise to prominence in the 1960s to its collapse in the 1990s. It is a story of greed, recklessness, and the decline of a once-great company. But it is also a story of resilience and renewal, a story about how the airline industry has adapted to the challenges of deregulation and consolidation.

This book is a must-read for anyone interested in the history of the airline industry, the dangers of corporate greed, or the importance of strong regulations. It is also a story of resilience and renewal, a story about how the airline industry has adapted to the challenges of deregulation and consolidation.

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Publisher ‏: ‎ PageBook24.com (January 13, 2025)
Language : ‎ English
Dimensions ‏: ‎ 6 x 9 inches
Pages ‏: ‎ 153 pages

Pasquale De Marco stands as a prolific author whose literary prowess knows no bounds. With a passion for storytelling that transcends genres, he has made a name for himself as a versatile writer with the extraordinary ability to captivate readers across diverse literary landscapes. His journey as an author is marked by an insatiable curiosity, a love for the written word, and a relentless commitment to sharing knowledge and experiences with the world.

Pasquale De Marco collaborates with a dedicated team of ghostreaders who assist him in evaluating and editing the manuscripts. His collaborators are not only skilled professionals but also avid readers who purchase and read books as a personal hobby. This unique blend of creativity allows Pasquale to push the boundaries of traditional publishing, making literature more accessible and diverse.